Just a few months after coming to market, the Tactile Analytics AR/VR Virtual Technologies Fund (CBOE: ARVR)  is heading toward liquidation.

ARVR looked to invest at least 80% of its total assets in securities of the EQM Tactile AR/VR Virtual Technology Index, which is designed to track the performance of companies that have a current or future business focus within the augmented and virtual reality supply chain and/or components of such devices, as determined by EQM Indexes LLC.

“Exchange Traded Concepts, LLC, the investment adviser to the Fund (the “Adviser”), in consultation with Eve Capital, LLC, the Fund’s sponsor (the “Fund Sponsor”), recommends the termination and liquidation of the Fund,” according to a statement issued on Friday after the close of U.S. market.

Companies included in the index can be found along the entire AR/VR supply chain. This includes, but is not limited to, companies that manufacture electronic components used to construct AR/VR hardware, companies that develop the software that utilize the hardware, companies that develop content for use on AR/VR hardware, and companies that manage content distribution platforms or deploy AR/VR hardware/software as part of a customer solution or offering.

ARVR’s adviser “believes that it is appropriate to cease the Fund’s operations and distribute the Fund’s net assets to its shareholders on or about December 28, 2018 or such other date as determined by the officers of the Trust (the “Liquidation Date”),” according to the statement.

December 24 is expected to be the last day of activity for ARVR. ARVR has $1.70 million in assets under management.

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